Ithaca Energy Stock Rating Reaffirmed by Westhouse Securities (IAE)
Ithaca Energy (LON:IAE)‘s stock had its “buy” rating reiterated by stock analysts at Westhouse Securities in a report issued on Wednesday, StockRatingsNetwork.com reports. They currently have a GBX 200 ($3.13) price objective on the stock. Westhouse Securities’ price objective indicates a potential upside of 58.10% from the stock’s previous close.
Shares of Ithaca Energy (LON:IAE) opened at 146.00 on Wednesday. Ithaca Energy has a 52-week low of GBX 12.625 and a 52-week high of GBX 140.00. The stock has a 50-day moving average of GBX 116.8 and a 200-day moving average of GBX 115.3.
A number of other firms have also recently commented on IAE. Analysts at Liberum Capital initiated coverage on shares of Ithaca Energy (LON:IAE) in a research note to investors on Tuesday. They set a “buy” rating and a GBX 210 ($3.28) price target on the stock. Separately, analysts at Beaufort Securities reiterated a “speculative buy” rating on shares of Ithaca Energy (LON:IAE) in a research note to investors on Thursday, September 5th. Finally, analysts at RBC Capital cut their price target on shares of Ithaca Energy (LON:IAE) from C$3.60 to C$3.20 in a research note to investors on Wednesday, August 14th. They now have an “outperform” rating on the stock.
One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of GBX 147.13 ($2.30).
Ithaca Energy Inc (LON:IAE) is involved in the exploration, development and production of oil and gas in the North Sea.
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